Third in the world of boron product

Press releases

03 February 2014

Mining Chemical Company Russian Bor announces the production results for 2013

February 03, 2014 – Mining Chemical Company Russian Bor , operating the only functional boron deposit in Russia, announces the production results for 2013. In 2013 the industrial complex produced 76,199 tons of boron-containing products. During the same period 76,240 tons of boron-containing products were shipped off. According to the production plan, Russian Bor plans to reach the production level of boron-containing products in the amount of 100,000 tons a year by the end of 2014. In November 2013 the major repairs of the key technological shops and ore-dressing plant were carried out. This will allow Russian Bor to move steadily ahead towards the fulfillment of the production plan for 2014. Total investments into the major repairs, most extensive in recent 6 years by the amount of works done, reached 40m rubles. To increase the production of boron-containing ores, in October 2013 the industrial complex acquired a caterpillar mine excavator, EKG-5A, worth 58m rubles. Putting the excavator into operation will assure a smooth production cycle and evasion of ore loading fails. Managing Director of Russian BOR, Vladimir Kozmin: “We launched preparations for a large-scale production upgrading program of that will last until 2017. Its implementation will enable the industrial complex to build up the output of boron-containing products and to increase its share on the world market. The products of Russian Bor are distinguished by low NVR and enjoy wider application as compared to the products of competitive production concerns from the USA and Turkey. Our important competitive edge is a very favorable geographical location and proximity to the Asia Pacific region, the biggest consumer of boron-based products.” Today the production concern utilizes full-cycle operations. As of January 31, 2014 wage arrears is absent.